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FOX Business
Feb 4, 2013 9:20am EST
this a news alert. senator harry reid calling for more tax increases. in an interview on abc yesterday, he said tax revenue must be part of any deal to be part of the little defense cuts. here is senator reid. >> the american people are on our side, and america people don't believe in these things. we believe the rich should contribute. stuart: relieve the rich should contribute, tax the rich. president obama pushing for more tax increases yesterday. in an interview on cbs before the super bowl he said there is no doubt that government needs new relation. he promises strong economic growth this year coming on the heels of an economic contraction in the fourth quarter along with the rise in the unemployment rate. and everybody's taxes already went up as of january 1, taxes may go up some more. from taxes to the market. the dow above 14,000 for the first time since 2007 friday afternoon. let's bring in nicole. it is not like it was going to hold at 14,000, now futures are down, how much are they down? nicole: you can see the down arrows, 69 points pulling back awfully 14,000 mark. traders ar
FOX Business
Feb 12, 2013 9:00pm EST
pelosi, harry reid. therein lies the potential problem where the more moderate democrats are going to have to step aside and stand down. >> and you look at that $4 trillion number. in the president's proposal is also including things like interest savings, more savings that are set to wind down anyway, and you look at the $4 trillion. it really only stabilizes debt to gdp ratio over the next decade or so off panama. the entitlement spending, medicare, medicaid, not doing their analysis of what the ten years after the next decade look like when it comes to the full entitlement boom that goes on from there, there are some major deficit and debt problems that are going to hit the federal budget in just the next 10-15 years alone. so the whole debate as to how big a problem deficit reduction is, jay carney a couple of weeks ago said it is not a goal of itself. just deficit reduction. i think the president clarified that a little bit this evening with a comment you just mentioned, neil. there is that question about whether and that democrats are all that serious about deficit reduct
Search Results 0 to 1 of about 2